Madame Shira began a fortune telling business on May 1. The following transactions occurred: 1. Owner Madame Shira invested $5,000 cash in the business. 2. Purchased $2,000 of furniture with a down payment of $500; the rest by issuing an account payable to be paid in three monthly installments. 3. Paid $700 rent. 4. Purchased a crystal ball for $300. 5. Paid $1,700 for a 12-month insurance policy. 6. During the first month received $2,500 from cash customers. 7. Sent billings of $2,000 for services rendered to credit customers. 8. Paid assistant $1,500 wages for the month. 9. Received $600 in payments from credit customers. 10. Borrowed $3,200 by signing a note. 11. Made a $500 payment on the furniture bill (from transaction 2). 12. Owner withdrew $300 cash